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Dec 5, 2012
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here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making more than 250,000. they are set to pay a .9 percent healthcare tax on their wages. together the two taxes are supposed to raise 318 billion over ten years. over those years more and more people will be taking them because the income level triggered the taxes doesn't rise with inflation. any one planning to sell a house make more than 500,000 and those gains will also be taxed. they will release a new form for taxpayers to fill out. 1230 returns related to all of the new taxes. all of the rules make it harder for individuals to comply with the regulations. believe it or not experts say they still leave
here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making...
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Dec 1, 2012
12/12
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and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i
and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it...
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Nov 29, 2012
11/12
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. >> president obama has a pattern of inviting political opponents, business leaders to the white house for some sort of confab. what it kals end ends up being is a photo opportunity so he looks like he's extending himself to the opposition, he's bipartisan, and he is neither of those things. bill: would you accept that invite. >> i would accept in a heartbeat. bill: monica is saying nada on this. >> i would be more optimistic on this. we are groping for bi-partisanship. if governor romney has things to share and ways to bridge the fiscal cliff this is all good. bill: we went back to the vault to figure out what they are not going to talk about. we found this first of all, okay. i want you to listen to. roll it. >> i've been in business for 25 years. i have no idea what you're talking about. i had a friend who said you don't just pick the winners and losers, you pick the losers. bill: i've been in business 25 years. i've got no idea what you're talking about. >> actually those points may come up. bill: you think so? >> governor romney has nothing to lose, he's obviously lost the electio
. >> president obama has a pattern of inviting political opponents, business leaders to the white house for some sort of confab. what it kals end ends up being is a photo opportunity so he looks like he's extending himself to the opposition, he's bipartisan, and he is neither of those things. bill: would you accept that invite. >> i would accept in a heartbeat. bill: monica is saying nada on this. >> i would be more optimistic on this. we are groping for bi-partisanship. if...
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Nov 30, 2012
11/12
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with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> reporter: i mentioned president obama is going out on the trail, if you will in pennsylvania to sell his arguments. one would expect we would hear some sort of response from speaker john boehner after that. jon. jon: what are the democrats saying? i mean about these g.o.p. complaints? what is your response? >> reporter: they are saying republicans if you don't like the president's plan, where is your own plan? they are asking for specifics on revenue in terms of tax revenue. they are also asking for specifics on what republicans want to do to entitlements. house democratic leader nancy pelosi is not talking about more spending cuts. >> the president has been clear and we s
with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> reporter: i mentioned president obama is going out on the trail, if...
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Nov 29, 2012
11/12
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it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to giv
it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of...
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Dec 1, 2012
12/12
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a mid-week summit with the business leaders that supported romney. the ceos of marriott, at&t and state farm. of course, meeting, after meeting, after meeting with speaker, john boehner and republican leaders. with this strategy, president obama keeps his opponents from being able to claim that he is unreasonable or stone walling. heck, i have y'all over every day, he can claim. it also ensures that they know where he stands, in the oval office. return there for another four years by the american people. which is why the president has been reminding his coalition of this. >> don't ever take sides against anyone against the family again. >> president obama is letting his electoral coalition or his family know that now is the time to hang together totally, rather than allow republicans to pick you have vulnerable, nervous members of the democratic coalition, he is getting the family in line. he reached out to voters to do their part to continue campaign. calling on all americans to raise awareness about the fiscal cliff, to get in touch with their cong
a mid-week summit with the business leaders that supported romney. the ceos of marriott, at&t and state farm. of course, meeting, after meeting, after meeting with speaker, john boehner and republican leaders. with this strategy, president obama keeps his opponents from being able to claim that he is unreasonable or stone walling. heck, i have y'all over every day, he can claim. it also ensures that they know where he stands, in the oval office. return there for another four years by the...
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Nov 29, 2012
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it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president sent a strong message to the republicans, don't mess with my u.n. ambassador. rice a welcomed signal that her nomination is still alive despite another brutal day on capitol hill. >> the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> reporter: why is she such a lightning rod? even at 5'3" as a star point guard for washington's elite school, she is a rohde sc
it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president...
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Nov 29, 2012
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seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the wrong guy. they can be a valuable ally in the fiscal cliff push because they're an important component of the republican party. if business leaders come out and recognizing, we've been through the experience of the debt crisis in 2011, business leaders who care about this, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's somet
seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the...
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Nov 30, 2012
11/12
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american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openly. >> bipartisan bourbon perhaps. >> yes. >> y
american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated...
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Dec 5, 2012
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president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored with the jack kemp leadership awards and rubio said he's against the president's plan because he says it will hurt businesses and workers. [ applause ] >> this isn't about a pledge. it isn't about protecting millionaires and billionaires. for me, it's about the fact that tax -- the tax increases he wants would fail to make a small dent in the debt but it would hurt middle-class businesses and the people who work for them. >> also, paul ryan was there. he delivered the keynote speech. he was last year's winner of the kemp leadership award. >>> controversial comedian katt williams says he's done. he's quitting standup comedy after another run-in with the law. >> i'm just gonna go ahead and announce my retirement from standup. i'm
president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored with the jack kemp leadership awards and rubio said he's against the president's plan because he says it will hurt businesses...
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Nov 30, 2012
11/12
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, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my perspective, what i see is that we know that we're a confidence-based economy, we're 70% of the economy driven by consumer spending and anything that puts a crimp in consumer spending is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very qui
, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my...
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Nov 29, 2012
11/12
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president obama finally getting small business owners the time of day hearing their concerns ahead of the looming fiscal cliff. the president's criticized for only sitting do with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president,tillegge construction and andy, president o a. harold and associates. welcome, all. i want you all to answer this queson. what does your company do? keith, starting with you. >> hi, gerri, thanks for having me. a general contracting company, mainly in defense, and we are located in baton rou, louisiana, reasonable offices in dallas, texas, and general contractor. -erri: all right, julia? >> hi, thank you so much, gerri. we help people become healthier, happier, and smarter. gerri: i need a lot of that, yeah. >> it helps you exercise better and sleep better and get better nutrition. gerri: oh, my lord. >> lose pounds. gerri: sounds magical. >> we hope it is. gerri: andy, you're a defense contractor; correct? >> yes, thank you very much for having me tonight. gerri: you're welcome. glad to have you
president obama finally getting small business owners the time of day hearing their concerns ahead of the looming fiscal cliff. the president's criticized for only sitting do with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president,tillegge construction and andy, president o a. harold and associates. welcome, all. i want you all to answer this queson. what does your company do? keith, starting with you. >> hi, gerri, thanks for...
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Dec 3, 2012
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this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting president obama. >> gretchen: so now he and the rest of the costco board cashing in on that support, having voted to give them selves a special dividend to avoid the president's looming tax increase. so is this what the president means by tax fairness? the host of varney and company, stuart varney, is here. i'm so glad you're going to explain this because it is relatively complicated. what did they do? >> first of all, let me explain tax hypocrisy. here is how it works, the board of costco, which is headed by that gentleman, they vote themselves a special $7 per share dividend. he and his wife own 2 million shares
this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting...
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Nov 29, 2012
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in virginia, a state that votes most like the rest of the country and has now twice voted for barack obama. how extreme is cuccinelli? he reports personhood, the moment after conception, the fetus or unborn child has the rights of life, liberty, and property and that gets serious business. his own website uses the harsh language on immigration. ken is committed to solutions that remove the economic incentives that encourage i will lyle immigration, illegal aliens who choose to break additional laws by stealing identities, dealing drugs, joining criminal gangs, driving without a license, or committing fraut must receive prompt justice and deportation. no ifs, ands, or buts. i'd say that was clear. he also -- he altered the virginia state seal for modesty. notice that woman is a bit more french than her display but he says he wanted to make sure that bare breast was removed from the goodess of virtue. small point. when cuccinelli had lapel pins made the gozess' breast was covered. small point. he discussed concerns about getting a social security number for a soon to be born child. he was wo
in virginia, a state that votes most like the rest of the country and has now twice voted for barack obama. how extreme is cuccinelli? he reports personhood, the moment after conception, the fetus or unborn child has the rights of life, liberty, and property and that gets serious business. his own website uses the harsh language on immigration. ken is committed to solutions that remove the economic incentives that encourage i will lyle immigration, illegal aliens who choose to break additional...
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Dec 3, 2012
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the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been arrogant since barack obama won in covering him and in covering in particular this fiscal cliff. tony, your thoughts. >> it could only be an msnbc anchor to take this long to figure out. there have been some media, the financial times which endorsed the president has called the president's bluff on this plan. they say this is the same proposal he put in front of congress that received zero votes a year ago, not even one democratic vote. but what the media has been doing is buying into this story line that president obama has some sort of mandate to do whatever he wants and that is truly false. obviously
the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been...
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Dec 7, 2012
12/12
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. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federation of government employees say they can't afford anymore cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham,
. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of...
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it is very bold and it would be a little bit of a transition period but president obama could have done it. i agree with congressman, it will be nice if people would talk about it, but with they're not even talk being entitlement reform. so they're not going to talk about taxes. >> brian: we're talk being you on "the five." i would not be surprised if some of those topics worked its way into the format. >> we missed you on "the five." we liked it when you were there to steer the conversation. >> brian: really? >> you're a very good leader. >> brian: thank you. you are a liar! >> steve: we'll be watching today. >> thanks. >> gretchen: coming up, leaks from inside the white house claim president obama is willing to take the nation over the fiscal cliff if he doesn't get his way with raising taxes on the rich. where does that leave republicans now with our entire economy potentially on the line? senator orrin hatch, known for reaching across the aisle joins us next. >> brian: then this brave auto zone employee saved his boss' life, taking down a violent gunman who tried to rob the store. t
it is very bold and it would be a little bit of a transition period but president obama could have done it. i agree with congressman, it will be nice if people would talk about it, but with they're not even talk being entitlement reform. so they're not going to talk about taxes. >> brian: we're talk being you on "the five." i would not be surprised if some of those topics worked its way into the format. >> we missed you on "the five." we liked it when you were...
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Nov 30, 2012
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going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and it would be deeply irresponsible if we were to see that kind of approach taken again. >> today the president is going to take his case to the people of pennsylvania during a visit to hatfield and a road on group. it's the sole manufacturer of knex, which makes angry birds building sets. back to you. >> steve: all right. thank you very much. >> brian: it's unbelievable. the "washington post" says the offer lacks any concessions to republicans. in the "wall street journal," the most fritteddenning as
going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default...
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Dec 6, 2012
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there's a lot of people in business suits inc. we are poised to do some really good things in the global economy of the united states but if we can't untangle this mass, it's not going to happen. >> you more about the inner workings of our government than any living person. every single administration of our lifetime. you've been behind the scenes producing national security notes. >> what nonsense you are talking. >> are you now optimistic or pessimistic about the way the strong and finance minister posted questions? >> in the end, i think things will be fixed. the question is when and what price do you pay on the road to getting them fixed? you know, i don't think you govern by playing chicken. and i say that to democrats, republicans, the white house, the congress. they should sit down and really talk this out in the old joe biden way when he would do with mitch mcconnell just a couple years ago to extend the bush tax cut and the white house to call biden and will, whisperer. and the horse whisperer and one for you, one for me,
there's a lot of people in business suits inc. we are poised to do some really good things in the global economy of the united states but if we can't untangle this mass, it's not going to happen. >> you more about the inner workings of our government than any living person. every single administration of our lifetime. you've been behind the scenes producing national security notes. >> what nonsense you are talking. >> are you now optimistic or pessimistic about the way the...
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Nov 30, 2012
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you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no shots are fired. it's all about that orderly and sensible and peaceable transition we have. it's a very good entry in that. the -- the real meeting that romney did have in washington today was with paul ryan, who doesn't seem to quite get -- realize his place in history. we have a big board here that shows all of the recent losing vice presidential candidates going all the way back to henry calfet lodge, which is to say during the television age, not one of them has ever made it to the presidency. and we don't yet have the new one with paul ryan on it, but he will very shortly take his position right up there statewide
you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no...
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Nov 29, 2012
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showed "a lack of business integrity." tomorrow, president obama will send his top negotiators to meet tith congressional leaders. they have only weeks now to head off a big tax increase for most americans. the income tax rates will jump automatically january 1. it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class tax
showed "a lack of business integrity." tomorrow, president obama will send his top negotiators to meet tith congressional leaders. they have only weeks now to head off a big tax increase for most americans. the income tax rates will jump automatically january 1. it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time,...
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Nov 30, 2012
11/12
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jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to...
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Dec 6, 2012
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there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our lifetime. you've been behind the scenes -- >> what nonsense you're talking. yes, all right. [laughter] >> are you now optimistic or pessimistic about the way that australian finance minister posed the question? >> you know, in the end, i think things will be fixed. the question is when and what price do you pay on ray road to getting them fixed? you know, i don't think you govern by playing chicken. i say that to democrats, republicans, the white house, the congress. you know, they should sit down and really talk this out and the old joe biden way when he dealt with mitch mcconnell a couple years ago. extend the bush tax cuts, in the white house, they called biden the mcconnell whisperer, and the horse whisperer, and the way, one for you, one for me, and that's the way you mak
there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our lifetime. you've been behind the scenes -- >> what nonsense you're talking. yes, all right. [laughter] >> are you now optimistic or pessimistic about the way that...
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Dec 6, 2012
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i will play. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. hou
i will play. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way...
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Dec 1, 2012
12/12
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polls of what it will mean for small business owners. that's what concerns me. people like us have been able to cope and still have been able to save and to send our children to college. that is close to going away and this is one of my great concerns. guest: one of the untold parts of the story and sometimes we overlook what is happening in the states. they're raising state and local taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you could be pushed up against a deduction if you live in new york. if you live in new york and have high state and local taxes, if congress moves forward with a deduction cap, you could go right up to that cap. host: 24% of those were claiming the earned income tax credits. 13% climb in the child tax credit. these credits, you can use them simultaneously. guest: some of these are refundable which means you get money back even if your tax bill is zero. whatever the refundable amount is, you get to take home. host: we will go to ray in atlanta, georgia.
polls of what it will mean for small business owners. that's what concerns me. people like us have been able to cope and still have been able to save and to send our children to college. that is close to going away and this is one of my great concerns. guest: one of the untold parts of the story and sometimes we overlook what is happening in the states. they're raising state and local taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you...
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Dec 6, 2012
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obama is introduced by the c.e.o. of boeing. >> we at the business roundtable are grateful to both the electricity -- for the engagement we have had with you and members of your team. listen, i know your team has really reached out significantly over the last few months to many people in this room. and i know personally from my work in the last three years on the export council that the outreach to us is again you inand we know you are seeking solutions that was outlined very sincerely this morning when we met with jack and the rest of the team. and i hope you get the same sense of purpose and commitment from us as we engage with you. there aren't a lot of wall flowers in here and eager for a two-way exchange nonetheless and hopefully your takeaway will be we can serve a useful purpose in the dialogue. mr. president, thank you again for joining us today. we would love to hear from you. [applause] >> good morning everybody. it is great to see all of you. many of you had a chance to see individually or in small groups o
obama is introduced by the c.e.o. of boeing. >> we at the business roundtable are grateful to both the electricity -- for the engagement we have had with you and members of your team. listen, i know your team has really reached out significantly over the last few months to many people in this room. and i know personally from my work in the last three years on the export council that the outreach to us is again you inand we know you are seeking solutions that was outlined very sincerely...
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Dec 6, 2012
12/12
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you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down wi
you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me...
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so why is this guy so busy buying republicans but put yourself in his place democrats typically do things for the vast majority of people on employment insurance social security medicare keep our food supplies save for unions that sort of thing outside of petty crime stuff like congressman jefferson and wrangle were accused of and generally don't shill for big corporate interests or fat cat billionaires it is pretty much the part of the people pretty much since their founding over two hundred years ago but republicans eagerly do things for whoever pays them the biggest bucks for example every single republican freshman in the last congress denies there's such a thing as global warming why because the fossil fuel industry the second richest industry in the world will give a lot of money to any member of congress who denies global climate change similarly the republicans are lockstep against banking regulations why the industry that passes out the largest amount of cash here in washington d.c. is you've got it the banking industry and republicans are in favor of so-called free trade and so-
so why is this guy so busy buying republicans but put yourself in his place democrats typically do things for the vast majority of people on employment insurance social security medicare keep our food supplies save for unions that sort of thing outside of petty crime stuff like congressman jefferson and wrangle were accused of and generally don't shill for big corporate interests or fat cat billionaires it is pretty much the part of the people pretty much since their founding over two hundred...
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Dec 3, 2012
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. >>> president obama has a busy couple of days coming up. today he hosts the prime minister of bulgaria in the oval office, then heads to national defense university to deliver remarks there. tomorrow the president meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal >>> the time has finally come, cory booker taking the food stamp challenge this week. the newark mayor will only be eating with food he can buy for $37. that is the average food stamped benefit in his week. booker said he will be giving up coffee because he can't afford it. that will be tough for us. >> no doubt. >> interesting to see at the end of that how he does. >> i'm sure he will be documenting on twitter what goes on during those days. coming up, one of the strangest cases of cosmetic surgery, can't make this up. did you read about this? mustache implants. that's right. w
. >>> president obama has a busy couple of days coming up. today he hosts the prime minister of bulgaria in the oval office, then heads to national defense university to deliver remarks there. tomorrow the president meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal...
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Dec 3, 2012
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last night, president obama honored some iconic performers of the white house who he joked have no business being on the same stage together. the president congratulated seven people honored for their lifetime contributions at the 135th -- 35th annual kennedy center. david letterman, and dustin hoffman, and the very talented bluesman buddy guy. and the surviving members of the led zeppelin. >>> it's being called a miracle. how a couple in oregon, how they escaped when a massive tree -- massive tree crushed their car. steve paulson says more rain is on the way. >> and you can see that traffic is pretty bad here. we have an incident in dan ville to tell you about coming up. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> an auction featuring michael jackson's costumes rais
last night, president obama honored some iconic performers of the white house who he joked have no business being on the same stage together. the president congratulated seven people honored for their lifetime contributions at the 135th -- 35th annual kennedy center. david letterman, and dustin hoffman, and the very talented bluesman buddy guy. and the surviving members of the led zeppelin. >>> it's being called a miracle. how a couple in oregon, how they escaped when a massive tree --...
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Dec 4, 2012
12/12
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they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spinning the truth into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hour or so. he has other people doing is talking and expects the republicans to try to make a deal. you cannot make a deal with a third party and then have a first party reject everyt
they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between...
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Nov 30, 2012
11/12
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president obama wants to fall off the cliff. that's why he wants to go do that to the middle class and blame the republicans. host: caller, we'll leave it there. caller: be on the republican lines say, let them talk. guest: so it may be that this filibuster idea may have more support. democrats don't want to eliminate the filibuster. they want to keep it in place but just want to change the burden and move it to where there's one bite at the apple on a particular bit. so these changes are not earth shaking. one is your perspective on it, whether you're in the majority or minority. but the way you do it becomes an important part of this. that's why the implications here are fairly clear which -- fairly clear. if we end up seeing this happen by call it the nuclear option or defined as the constitutional option that it's perfectly constitutional to change the rules by a majority. but that means on issues from the budget to immigration to many of the other priorities we have, a farm bill that's not yet gone through, we could see ano
president obama wants to fall off the cliff. that's why he wants to go do that to the middle class and blame the republicans. host: caller, we'll leave it there. caller: be on the republican lines say, let them talk. guest: so it may be that this filibuster idea may have more support. democrats don't want to eliminate the filibuster. they want to keep it in place but just want to change the burden and move it to where there's one bite at the apple on a particular bit. so these changes are not...
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Nov 29, 2012
11/12
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here is president obama yesterday and you heard from charles krauthammer. >> familis and small businesses can enjoy peace of mind heading in christmas and heading in the new year and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits and stream line tax. including asking the wealthiest americans to pay more for education and train science and research. >> any republican who buys this is a fool. republicans have stood for one thing statistically that held them. they are the low tax party. the other guys want to tax to match their reckless spending. if they give it up now in return for nothing, obama wins and high wins big. i understand why the democrats are doing this. they imagine that republicans have no bargaining power today . i say that it is true if republicans resist they will take the blame and that will help democrats in the congress. but obama's never running again. he doesn't care who gets the blame. he is the president and a blame duck. he wants a successful second term. if it starts by going over the cliff it starts wi
here is president obama yesterday and you heard from charles krauthammer. >> familis and small businesses can enjoy peace of mind heading in christmas and heading in the new year and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits and stream line tax. including asking the wealthiest americans to pay more for education and train science and research. >> any republican who buys this is a fool. republicans have stood for one...
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Nov 29, 2012
11/12
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made yesterday by president obama and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of grow
made yesterday by president obama and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's...
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Dec 6, 2012
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all over america who have worked hard to build these businesses, their businesses, from the ground up is how our economy became the envy of the world. it is the american way, and i wish this president would learn how to be an american. >> people have birth certificates. he doesn't have a birth certificate. now, he may have one, but there's something on that, may be religion, maybe it says he's a muslim, i don't know. maybe he doesn't want that. or he may not have one. but i will tell you this, if he wasn't born in this country, it's one of the great scams -- >> these aren't exactly cheerleaders for black participation in the republican party. donald trump -- mitt romney genuflected to that guy in the campaign. let the congressman talk. let j.c. talk. i don't know how you react to that. i want to know. >> chris, on the birther thing, i think that's a losing issue. >> why do the republicans push it? >> i can't speak for republicans. you don't hear me talking -- >> i think you want to chair the party. >> that's the reason. >> you're going to have to speak for these clowns. >> for that re
all over america who have worked hard to build these businesses, their businesses, from the ground up is how our economy became the envy of the world. it is the american way, and i wish this president would learn how to be an american. >> people have birth certificates. he doesn't have a birth certificate. now, he may have one, but there's something on that, may be religion, maybe it says he's a muslim, i don't know. maybe he doesn't want that. or he may not have one. but i will tell you...
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Dec 4, 2012
12/12
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time for the your business entrepreneur of the week. lauren wanted to introduce the korean cabbage dish to mainstream america using her former skills as a marketer, she created mother-in-law's kimit chi, nonethic packaging to appeal to a mass market and the product is carried in whole foods and fresh markets. watch "your business" sunday morning at 7:30 on msnbc. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan..
time for the your business entrepreneur of the week. lauren wanted to introduce the korean cabbage dish to mainstream america using her former skills as a marketer, she created mother-in-law's kimit chi, nonethic packaging to appeal to a mass market and the product is carried in whole foods and fresh markets. watch "your business" sunday morning at 7:30 on msnbc. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we...